How this Landlord Profit Calculator Works
Are you a landlord looking to calculate your rental income and profit accurately? Our Landlord Profit Calculator helps you determine your net profit and profit percentage from your rental properties, including various costs involved.
Using the Calculator:
- Monthly Rental Income: Enter the total rental income received per month.
- Monthly Mortgage Payment: Input your monthly mortgage payment.
- Monthly Property Taxes: Include your monthly property taxes.
- Monthly Insurance Costs: Add your monthly insurance costs.
- Monthly Maintenance Costs: Include your monthly maintenance costs.
- Monthly Miscellaneous Costs: Add any other additional monthly costs such as utilities or fees.
- Calculate: Click the "Calculate Profit" button to determine your net profit and profit percentage.
Landlord Profit Calculation Formula:
The formula used to calculate the net profit is:
Net Profit = Monthly Rental Income − (Monthly Mortgage Payment + Monthly Property Taxes + Monthly Insurance Costs + Monthly Maintenance Costs + Monthly Miscellaneous Costs)
The profit percentage is calculated as:
Profit Percentage = (Net Profit / (Monthly Mortgage Payment + Monthly Property Taxes + Monthly Insurance Costs + Monthly Maintenance Costs + Monthly Miscellaneous Costs)) × 100
For more information on landlord profit and rental property management, visit the Investopedia website.